Certified Texas Contract Manager (CTCM) Certification Exam

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The contract closeout phase is a critical part of contract administration. Which of the following activities is essential during contract closeout?

Developing the initial solicitation for the next procurement cycle. Verifying that all deliverables have been received and accepted, and ensuring final payment has been made. Assigning a new contract manager to the project to bring a fresh perspective. Conducting market research to identify new potential vendors.

Correct Answer:

Verifying that all deliverables have been received and accepted, and ensuring final payment has been made.

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